GBPAUD continues to reach higher, the 161% extension is close.

The GBPAUD continues to break higher ahead of the UK elections with the 161% Fibonacci extension of the last down move from 1.9086 to 1.8550 coming in at 1.9419. The RSI is not overbought but would be divergent if the GBPAUD peaks soon which is a risk for bulls ahead of the UK elections on Thursday.

Steve Voulgaridis